Question 1

Using the planning model, how would you plan an event for 500 people.

Accepted Answer

The steps of the planning model include:

Question 2

A recommended procedure for formulating strategy is for top-level managers to

Accepted Answer

A)  form a small committee to do most of the work. 
B)  gather inputs from large numbers of people. 
C)  perform the task themselves during a retreat. 
D)  base strategy on fixing customer complaints. 
A)  form a small committee to do most of the work. 
B)  gather inputs from large numbers of people. 
C)  perform the task themselves during a retreat. 
D)  base strategy on fixing customer complaints.

Question 3

In management by objectives, the objectives start at the bottom of the organization and move upward.

Accepted Answer

A) True 
 B)False

Question 4

A firm's strategy is a master plan for achieving its goals and objectives.

Accepted Answer

A) True 
 B)False

Question 5

A functional strategy for becoming and remaining a successful organization is to

Accepted Answer

A)  form a strategic alliance. 
B)  find and retain competent people. 
C)  get to market faster than others. 
D)  export products. 
A)  form a strategic alliance. 
B)  find and retain competent people. 
C)  get to market faster than others. 
D)  export products.

Question 6

To bring about a successful SWOT analysis, it is important to be clear about what you
are doing and why.

Accepted Answer

A) True 
 B)False

Question 7

Which one of the following strategies should be classified as a business-level strategy?

Accepted Answer

A)  strategic alliances 
B)  diversification of goods and services 
C)  product differentiation 
D)  sticking to core competencies 
A)  strategic alliances 
B)  diversification of goods and services 
C)  product differentiation 
D)  sticking to core competencies

Question 8

Suppose that Starbucks opens a nation-wide chain of carwashes, called Starbucks Car Wash. After two years, the executive team sells of the car washes, and invests the cash back into building more Starbucks stores. The strategy illustrated is referred to as

Accepted Answer

A)  high speed. 
B)  sticking to core competencies. 
C)  product diversification. 
D)  a strategic alliance. 
A)  high speed. 
B)  sticking to core competencies. 
C)  product diversification. 
D)  a strategic alliance.

Question 9

An exit strategy might be part of the contingency plan.

Accepted Answer

A) True 
 B)False

Question 10

Branch manager Hector establishes recycling goals for his branch to support the company's strategic goal of being a good environmental partner. What is Hector doing?

Accepted Answer

A)  tactical planning 
B)  strategic planning 
C)  long-range planning 
D)  vision formulation 
A)  tactical planning 
B)  strategic planning 
C)  long-range planning 
D)  vision formulation

Question 11

When two pharmaceutical firms get together to market a drug, their strategy is referred to as

Accepted Answer

A)  high speed. 
B)  cost leadership. 
C)  product differentiation. 
D)  a strategic alliance. 
A)  high speed. 
B)  cost leadership. 
C)  product differentiation. 
D)  a strategic alliance.

Question 12

In planning, measuring external threats is part of defining the present situation.

Accepted Answer

A) True 
 B)False

Question 13

Explain the nature of business strategy, including its four major components. Use a real or hypothetical company in at least two places in your answer.

Accepted Answer

A strategy is an integrated overall conc

Question 14

The Rolls Royce and Mercedes Benz automobiles are examples of a cost leadership strategy.

Accepted Answer

A) True 
 B)False

Using the planning model, how would you plan an event for 500 people.

A recommended procedure for formulating strategy is for top-level managers to

In management by objectives, the objectives start at the bottom of the organization and move upward.

A firm's strategy is a master plan for achieving its goals and objectives.

A functional strategy for becoming and remaining a successful organization is to

To bring about a successful SWOT analysis, it is important to be clear about what you are doing and why.

Which one of the following strategies should be classified as a business-level strategy?

Suppose that Starbucks opens a nation-wide chain of carwashes, called Starbucks Car Wash. After two years, the executive team sells of the car washes, and invests the cash back into building more Starbucks stores. The strategy illustrated is referred to as

An exit strategy might be part of the contingency plan.

Branch manager Hector establishes recycling goals for his branch to support the company's strategic goal of being a good environmental partner. What is Hector doing?

When two pharmaceutical firms get together to market a drug, their strategy is referred to as

In planning, measuring external threats is part of defining the present situation.

Explain the nature of business strategy, including its four major components. Use a real or hypothetical company in at least two places in your answer.

The Rolls Royce and Mercedes Benz automobiles are examples of a cost leadership strategy.

The Managers Job

International Management and Cultural Diversity

Ethics and Social Responsibility

Problem Solving and Decision Making

Quantitative Techniques for Planning and Decision Making

Job Design and Work Schedules

Organization Structure, Culture, and Change

Staffing and Human Resource Management

Leadership

Motivation

Communication

Teams, Groups, and Teamwork

Information Technology and E-Commerce

Essentials of Control

Managing Ineffective Performers

Enhancing Personal Productivity and Managing Stress

Filters

Exam 4: Essentials of Planning

Using the planning model, how would you plan an event for 500 people.

A recommended procedure for formulating strategy is for top-level managers to

In management by objectives, the objectives start at the bottom of the organization and move upward.

A firm's strategy is a master plan for achieving its goals and objectives.

A functional strategy for becoming and remaining a successful organization is to

To bring about a successful SWOT analysis, it is important to be clear about what you are doing and why.

Which one of the following strategies should be classified as a business-level strategy?

Suppose that Starbucks opens a nation-wide chain of carwashes, called Starbucks Car Wash. After two years, the executive team sells of the car washes, and invests the cash back into building more Starbucks stores. The strategy illustrated is referred to as

An exit strategy might be part of the contingency plan.

Branch manager Hector establishes recycling goals for his branch to support the company's strategic goal of being a good environmental partner. What is Hector doing?

When two pharmaceutical firms get together to market a drug, their strategy is referred to as

In planning, measuring external threats is part of defining the present situation.

Explain the nature of business strategy, including its four major components. Use a real or hypothetical company in at least two places in your answer.

The Rolls Royce and Mercedes Benz automobiles are examples of a cost leadership strategy.

The Managers Job

International Management and Cultural Diversity

Ethics and Social Responsibility

Problem Solving and Decision Making

Quantitative Techniques for Planning and Decision Making

Job Design and Work Schedules

Organization Structure, Culture, and Change

Staffing and Human Resource Management

Leadership

Motivation

Communication

Teams, Groups, and Teamwork

Information Technology and E-Commerce

Essentials of Control

Managing Ineffective Performers

Enhancing Personal Productivity and Managing Stress

Filters